Home » Property » Where to buy 5-marla plots in Lahore in the price range of 2.5 million?
When it comes to buying residential plots on a budget, the options are limited because not many housing societies meet individual merits. On top of that, a lot of private and cooperative housing schemes are currently being investigated to ensure transparency in their dealings. So playing safe is altogether more important when it comes to buying a piece of land these days.
For investment purposes, the chosen society also has to be in a position to offer decent gains in the medium terms. Based on this criteria, we have handpicked some potentially rewarding housing schemes where you can buy a 5-marla plot within the budget of PKR 2.5 million.
It is the most highly recommended housing schemes for buying a 5-marla plot, because a lot is expected to happen there soon. Development work here has been completed in Blocks A, B, C, D, E, G and H, and possession is also expected to be granted in the start of next year.
The society’s focus has now shifted to developing the remaining blocks. Furthermore, important decisions regarding the provision of electricity connections in the society are also expected soon. You can read our last update on NFC Phase II shared last week to get a complete insight into the project.
Here, you can buy a 5-marla residential plot in the price range of PKR 1.8 million to 2.8 million.
Central Park
It is the largest and most populated housing scheme on Ferozepur Road. With provision of all utility services and availability of ample health and education facilities, the society is also suitable for the end users. Southern Loop II of Lahore Ring Road has made it even more accessible from all parts of the city.
Central aprk has a limited number of blocks featuring 5-marla plots; Blocks AA, E, and H. Among these blocks, possession is available in Block AA, where the market rate lingers between PKR 3.5 million to PKR 4.5 million. In comparison, rates are much lower in Blocks E and H. The readers can go for Block E as development work here is in advanced stages and expected to be completed sooner than that in Block H.
The market rate of non-possession plots in Central Parks ranges between PKR 1.6 million to PKR 2.2 million.
Bahria Orchard
Due to the absence of investors, property rates in Bahria Orchard have been declining for a while. This has given a perfect opportunity to medium- to long-term investors and genuine buyers to purchase developed plots at lower rates. But not all phases here are recommended for buying a plot.
The developed phases where property possession has been granted are much suited for investment in Bahria project these days. In this regard, Bahria Orchard Phase II, which is developed by over 95% with possession handed over to the owners, is more suitable for buying a 5-marla plots.
The price of 5-marla residential plots in Bahria Orchard Phase II falls in range of PKR 2.5 million to PKR 3.5 million. Since the market lacks a decent number of buyers, you can find many options with PKR 2.5 million.
If you have a list of your own to share with other readers looking to buy affordable 5-marla plots, use the comment section below. You are also welcome to share your queries and feedback with us.
Share
Samra Zulfiqar
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
